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i applied for my loan late, on monday evening i posted the form you have to sign to get any money. anyone have any idea how long it'll be till i get my loan ?

i also got sent my statement of how much i now owe. it's gone up by £120ish in the last year. so from starting uni to when i have to start paying it off (april after graduating, so april 2011) i reckon the total money i owe them will have increased by about £300/£400 quid. nice.

i don't think i'll ever pay off my student loan (as it gets written off after 25 years) unless they change the system, which wouldn't surprise me...

i mean, they've now decided how much they're giving me, they've sent me a letter telling me so, i've signed to say give me the money, all that's left is to transfer the money (they may not get my signature for another week of course) and that's surely not the hardest thing to organise...

but may be done quicker,but be prepared as it will most proably take a few weeks,the interest rate is at 0% from sept 1st 2009 to sept 1st 2010,so you wont pay any interest.The past years the rate has been 08/09 3.8% and 07/08 4.8% so thats why the balance is higher on your statement..slc have no say on interest rates they are set by the government.

if so, it's gonna take 3 weeks to get my money ? i already know how much i'm getting and i've signed for it. all i'm wondering is after that reaches them, how long will it take for them to click 'give wiggy his loan'.

paper PN1 apps from around 15th to 20th of oct atm due to alot of late applications,so it will most proably take a couple of weeks before its input on the system.Id say you'd have you first loan installment in about 4-6 weeks.Because youve applied on paper you dont have to return the online declaration form so that will speed it up.

Best of luck and try and get an account online as you can view the application status,but its most proably gonna take over a month till you get your first installment at least.

your a returning student (as i think you are as you have previous loans) your app will be done alot quicker as they have all your records already,did you sent in the PR1 form and did you send it to your local authority?

as its a loan you can pay it back when your working,if it was a grant overpayment,you'd have to pay it back right away as thats public money and awarded based on your income,they are flexible though and you can pay it up in installments.

that's not fair. they overpaid me too and then they sent me a letter saying WRITE US A CHEQUE FOR £3000 RIGHT NOW and i cried. then they took it out of my next year's loan so i got zilch in my second year. also, my friend's retaking her second year and they just paid her fees, but for my very very similar circumstances they refused to. such favouritism :(

long story: applied for my second year of loan in july. a couple of weeks after registering and not having any money i give them a ring. apparently they hadnt set any actual dates to send me the money, the enter some and say it wont take long. at this point i was more hopeful than sceptical. at this point i was naive and foolish.

a week later no £££, call them again. there was a fault and they thought my forms were asking for £0.00 in loans. making as much sense as the square root of fuck all. so i have to send them my forms again, i do so by recorded delivery no less. a month later and no luck. i called them on thursday, they received the post and would check up on the forms' process. later that same day i got a call telling me it would be "safe" to send the forms off again for the third time. reading between the lines they've lost them.

so i complain till a manager or team leader or someone else of middling importance in the shambolic shit machine of student finance listens and he tells me to scan in and email the forms so he can forward them to the people who might be able to do something. this was yesterday, he said it would take a couple of weeks for the forms to process.

the saddest part is that i've called them so many times im far more acquainted than i'd like to be with the songs they play while you're on hold. makes me want to punch small defenless children into a permanent state of vegetabilism.